Switch an Account to MCFCU in 3 simple steps!

Being a member of Madison County Federal Credit Union offers you a local, convenient and friendly home for your accounts. Switch your account to Madison County Federal Credit Union with these three simple steps:

Open a NEW account with Madison County Federal Credit Union.

You can open an account by phone, online or in person. By phone, call our main branch at (765) 644-3623. Begin opening your account online by accessing our online application here. In person, you can drop by any branch to fill out forms or download a printable version of our application below and have all your paperwork ready to go before you arrive. Please note, to complete the opening of your new account, you will need to submit a valid photo ID and signature in person.

Transfer automatic payments and deposits

Once your new credit union account is opened, you’ll need to notify companies and financial institutions that make automatic withdrawals from your old account. These may include utility companies, telephone, cable, mortgage, auto insurance, life insurance, and anyone else that you pay through automatic transfers. You also will need to notify any company that makes automatic deposits into your account, such as direct deposit through your employer.

We’ve included two downloadable forms to use to notify all parties of the switch. Check with the involved parties to make sure they will accept this form — some parties may require you to fill out a form of their own.

“Switch Your Automatic Payment” form (downloadable PDF*)
“Switch Your Direct Deposit” form (downloadable PDF*)

Close your old account

Now that your automatic payments and deposits are transferred, you can close your old account. Be sure to leave your accounts open long enough for outstanding checks and withdrawals to clear. This may take several weeks. Included in this Switch Kit is a form to help you close your old account.

“Close Your Old Account” form (downloadable PDF*)

If you have any questions about the switch process please contact our member services department at 644-3623 or by email at member.svc@madcofcu.org

*Account restrictions and minimum transfer apply. New accounts must sign up for e-statements.